At the age of 12, Mr. Schuman learned what disappointment was: being a Washington Capitals fan. All he wanted was to see his team win the Stanley Cup.
The Capitals have lost once again to the Penguins! Will they ever make it past the Penguins!?
*swipe, swipe, swipe*
In hopes of the Capitals one day making the finals, Mr. Schuman decided to open a savings account. Every week he would deposit $10. Even though his money may not grow very much or quickly, he wanted to go with the least riskiest option. He was going to use this money to see the Capitals in the Stanley Cup!
Mr. Schuman's friend, Sidney Crosby, did the same thing. But, he decided to open an account for a team that actually went to and won finals: the Pittsburgh Penguins. To make sure he always had the $10, Mr. Schuman never bought anything he couldn't afford.
However, when the credit card was created, Mr. Schuman began to spend money on things he could not afford and he never paid his credit card bills on time- making his credit score decrease to a 550.
As Mr. Schuman's credit score went down, so did the Capitals chances of making the finals. But the same didn't apply to the Penguins. His friend went to see the best team win in 1991, 1992, 2009, 2016 and 2017, since he used the money in his savings account.
Mr. Schuman decided to change all of his bad habits. He began to pay his credit card bills back fully and on time. He also paid off all of student debts. He began to spend money on only the things he needed and could afford. Now, he didn't have to pay interest. His credit score and his hopes of the Capitals winning grew.